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IFC Sponsors Ghanaian Student Architects to GBCSA Conference

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The International Finance Corporation (IFC), a member of the World Bank Group, in collaboration with Orthner Orthner & Associates, is sponsoring three architectural students from Ghana to attend the annual conference of the Green Building Council South Africa (GBCSA) in Cape Town. The project has been funded by the State Secretariat for Economic Affairs (SECO) with technical support provided by SGS and thinkstep.

The students are the winners of a sustainable design competition using IFC’s EDGE green building software.

Participants in the competition, launched on July 18 this year, were selected from the Architecture Department of the Central University in Accra.

The competition challenged students to design a cutting-edge, single-family home intended for a young family located around the outskirts of Accra using only locally available materials. A panel of experts decided on the top three designs.

The students who emerged as winners of IFC’s Student Architectural Design Competition were awarded an all-expense paid trip to Cape Town to attend GBCSA’s 12th Green Building Convention, to be held October 2-4. They will also receive professional training on the EDGE software and engage with accredited EDGE Experts, with the intention of bringing home best practices upon their return.

David Ekow Ampiaw, aged 20, emerged the topmost winner with Olufemi Abodunrin and Cheryl Omani-Baah placing second and third respectively.

The winners were full of praise to organizers for the competition and emphasized they were eagerly awaiting the trip and their chance to contribute to the greater knowledge of EDGE and green building design in Ghana.

Ninnette Quao Fio, a lecturer at the Architecture Department of the Central University, explained to News Ghana in an exclusive interview why the competition has come at an opportune time.

She said, “The world is now going green so it is relevant that we inculcate in the education of our students how to design in a sustainable way, making use of affordable, high-quality local materials while taking care of the environment.”

The Central University Architecture Lecturer commended IFC for introducing the competition and expressed optimism it will continue in the coming years. “I hope going forward this will last because it’s an innovative idea that IFC has introduced. It’s relevant to the construction industry and students are also getting the idea of how to design buildings in a sustainable manner.”

By 2050, the built environment is expected to double due to high population growth and urbanization trends. This has serious implications for global warming, as buildings already generate 19 percent of energy-related GHG emissions and consume 40 percent of electricity worldwide.

Switzerland, through the State Secretariat for Economic Affairs, considers the need for more sustainable buildings so important that it provided seed capital for IFC’s EDGE.

EDGE is a green building certification system available in more than 150 countries with an online, free-to-use application that is tailored to emerging economies. The EDGE platform, available at www.edgebuildings.com, allows those involved with designing and developing projects to proceed to being certified when the requirements of 20 percent savings across energy, water and embodied energy in materials are met.

SECO’s support for EDGE has resulted in an upward trajectory of certified buildings in Ghana and the region, where the construction sector is booming. “Green building standards, such as the EDGE standard, can play an important role in greening the economy and in ensuring greater resource efficiency and environmental sustainability of new buildings,” said Matthias Feldmann, Deputy Head of Mission /Head of Cooperation for SECO.

He further emphasized, “With EDGE we found a way to push design practices to higher levels and foster innovation in the financial sector to accelerate green buildings.”

In Ghana, mortgage rates are more than 30 percent and annual inflation is 9 percent, so a certified green home makes a measurable difference in the lives of homebuyers struggling to make ends meet. Lower utility bills translate to a better quality of life, as families can reinvest savings into other areas such as education. It is envisaged that IFC and SECO will have a generational impact by encouraging greener building practices with EDGE.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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Education

NELFUND Refutes N71.2bn Student Loan Disbursement Fraud

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NELFUND

By Adedapo Adesanya

The Nigerian Education Loan Fund (NELFund) has denied claims of mismanagement in disbursing student loan funds.

This development comes after the Independent Corrupt Practices and Other Related Offences Commission (ICPC) said it was investigating alleged corruption in the disbursement of the funds.

In a statement by the fund’s Director of Strategic Communications, Mr Oseyemi Oluwatuyi, NELFund said ICPC’s comment was taken out of context.

“These reports, which suggest misappropriation and mismanagement of funds, are entirely false, grossly irresponsible, and deeply damaging to the integrity of an institution established to deliver financial hope to millions of Nigerians,” Mr Oluwatuyi said.

“All institutional fees are paid directly to verified institutions, while upkeep allowances go into the verified bank accounts of eligible students,” she said.

“The reports circulating in the public space are based on outdated figures and previous interventions that predate our operations.”

Equally, the ICPC has clarified its earlier statement on the student loan.

The institution’s spokesman, Mr Demola Bakare, said the agency’s move to investigate the disbursement of the funds was due to claims that 51 schools were involved in illegal deductions and exploitation related to the NELFund scheme.

“The ICPC confirmed that a clear case of discrepancies has been established in the administration of the student loan scheme and announced that its investigation will now extend to beneficiary institutions and individual student recipients,” the agency’s statement partly read.

In an update, Mr Bakare clarified that: “Unintentionally, the word ‘NOT’ was missing in the second to the last paragraph of our earlier press release in respect of an ongoing investigation regarding the Student Loan Scheme. The missing word created an erroneous impression that the alleged discrepancies or diversion had been established.

“We admit that this is not the case, indeed, we accept that the same part of the sentence also contradicted the whole paragraph. The paragraph ought to read: ‘The ICPC confirmed that a clear case of discrepancies has NOT been established in the administration of the student loan scheme and announced that its investigation will now extend to beneficiary institutions and individual student recipients.’

“For avoidance of doubt, the commission has only established the total amount of funds received and disbursed so far by NELFUND. The impression of diversion and the issue of discrepancies do not exist at this stage; the investigation would have to move into the receiving institutions and persons before any reasonable deductions could be made.”

It was claimed that out of the N100 billion approved for disbursement, about N71.2 billion was unaccounted for, prompting an investigation by the ICPC.

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Education

NELFUND Scheme: N71.2bn Student Loans Not Missing—ICPC

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Student Loan Programme

By Aduragbemi Omiyale

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has clarified that it has not affirmed claims that about N71.2 billion of the N100 billion disbursed as student loans under the Nigeria Education Loan Fund (NELFUND) scheme were unaccounted for.

Recall that there were reports that no fewer than 51 tertiary institutions were implicated in illegal deductions and exploitation related to the NELFUND scheme.

The schools were accused of making unauthorized deductions ranging from N3,500 to N30,000 from each student’s institutional fees received through the loan fund.

The ICPC had commenced a probe into the matter and in a statement on Thursday, it said investigation revealed that the total money received by NELFUND as of March 19, 2024, was N203.8 billion, with N44.2 billion disbursed to 299 institutions, covering 293,178 students.

In the statement, ICPC said it “confirmed that a clear case of discrepancies has been established in the administration of the student loan scheme and announced that its investigation will now extend to beneficiary institutions and individual student recipients.”

Some hours later, after the revelations raised dust, the agency clarified that it made an error in the statement, noting that, “The paragraph ought to read The ICPC confirmed that a clear case of discrepancies has NOT been established in the administration of the student loan scheme and announced that its investigation will now extend to beneficiary institutions and individual student recipients.”

“The general public is urged to exercise patience as thorough investigations require time and ample resources,” the new statement signed by its spokesperson, Demola Bakare, said, stressing that, “Our investigations are still ongoing, and there are no indictments yet.”

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Education

NIJ to Hold 2025 Convocation Ceremony May 6

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NIJ Ogba

By Adedapo Adesanya

The Nigerian Institute of Journalism (NIJ), Ogba, Lagos, has announced that its 2025 convocation ceremony would take place on Tuesday, May 6, 2025.

According to the official schedule, the convocation lecture will hold on Monday, May 5, at 11 am at the Kesington Adebutu Media Resource Centre, located within the institute’s premises.

The main convocation ceremony is slated for Tuesday, May 6, also at 11 am, and will take place at the NIJ premises.

The convocation will cover graduating students from the classes of 2022 through 2024 across its National Diploma, Higher National Diploma, and Post Graduate Diploma programmes.

Business Post gathered that students who excelled during their academic pursuits at the monotechnic would be recognised and awarded for their feats.

Graduating students are expected to receive their certificates immediately after the convocation.

The event is expected to bring together the management, academic staff, students, alumni, and dignitaries from the media and communication sectors to celebrate the achievements of the graduating students.

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